Wall Street brokerages expect RBC Bearings Incorporated (NASDAQ:ROLL) to announce $0.86 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for RBC Bearings’ earnings, with estimates ranging from $0.85 to $0.87. RBC Bearings posted earnings of $0.73 per share during the same quarter last year, which would suggest a positive year over year growth rate of 17.8%. The firm is expected to report its next earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that RBC Bearings will report full-year earnings of $3.68 per share for the current year, with EPS estimates ranging from $3.63 to $3.75. For the next fiscal year, analysts forecast that the company will report earnings of $4.21 per share, with EPS estimates ranging from $4.07 to $4.45. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow RBC Bearings.

RBC Bearings (NASDAQ:ROLL) last released its earnings results on Friday, November 3rd. The industrial products company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.02). The firm had revenue of $164.30 million during the quarter, compared to analysts’ expectations of $164.56 million. RBC Bearings had a return on equity of 11.10% and a net margin of 11.18%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the business earned $0.78 earnings per share.

Several research analysts have recently weighed in on the stock. ValuEngine downgraded shares of RBC Bearings from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research downgraded shares of RBC Bearings from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. BidaskClub downgraded shares of RBC Bearings from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th. CL King initiated coverage on shares of RBC Bearings in a research report on Wednesday, November 29th. They set a “buy” rating and a $142.00 price objective on the stock. Finally, Drexel Hamilton initiated coverage on shares of RBC Bearings in a research report on Thursday, December 21st. They set a “buy” rating and a $140.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $140.75.

RBC Bearings (NASDAQ ROLL) opened at $129.64 on Friday. The firm has a market cap of $3,061.44, a P/E ratio of 43.95, a PEG ratio of 5.85 and a beta of 1.35. The company has a quick ratio of 1.64, a current ratio of 4.68 and a debt-to-equity ratio of 0.26. RBC Bearings has a 1 year low of $88.70 and a 1 year high of $139.95.

In related news, CEO Michael J. Hartnett sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $128.79, for a total transaction of $450,765.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael J. Hartnett sold 1,687 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $128.28, for a total transaction of $216,408.36. The disclosure for this sale can be found here. Insiders have sold 37,487 shares of company stock worth $4,632,657 over the last ninety days. 3.70% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wasatch Advisors Inc. grew its position in RBC Bearings by 15.9% during the third quarter. Wasatch Advisors Inc. now owns 995,306 shares of the industrial products company’s stock valued at $124,563,000 after purchasing an additional 136,604 shares in the last quarter. Great West Life Assurance Co. Can grew its position in RBC Bearings by 44.7% in the third quarter. Great West Life Assurance Co. Can now owns 3,002 shares of the industrial products company’s stock worth $373,000 after acquiring an additional 928 shares in the last quarter. Davis R M Inc. grew its position in RBC Bearings by 39.7% in the third quarter. Davis R M Inc. now owns 41,930 shares of the industrial products company’s stock worth $5,248,000 after acquiring an additional 11,915 shares in the last quarter. Goldman Sachs Group Inc. grew its position in RBC Bearings by 0.4% in the second quarter. Goldman Sachs Group Inc. now owns 288,730 shares of the industrial products company’s stock worth $29,381,000 after acquiring an additional 1,116 shares in the last quarter. Finally, Royce & Associates LP grew its position in RBC Bearings by 0.9% in the third quarter. Royce & Associates LP now owns 489,177 shares of the industrial products company’s stock worth $61,221,000 after acquiring an additional 4,200 shares in the last quarter. 97.89% of the stock is currently owned by hedge funds and other institutional investors.

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About RBC Bearings

RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision bearings and products, which are integral to the manufacture and operation of machines, aircraft and mechanical systems. The Company operates through four segments: Plain Bearings; Roller Bearings; Ball Bearings, and Engineered Products.

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Earnings History and Estimates for RBC Bearings (NASDAQ:ROLL)

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